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Valenciaport Awards Analistas Financieros Internacionales & Prometia  Economic Impact Study

Valenciaport awards Analistas Financieros Internacionales & Prometia economic impact study

Source: Valenciaport
The Port Authority of Valencia (APV) has awarded the consortium of Analistas Financieros Internacionales, AFI Consultores de las Administraciones Públicas & Prometia the contract for preparatory work on Economic Impact Studies of the ports of València, Sagunto and Gandia – September 21, 2021 This will assess the impact of port activity in the generation of wealth and employment in the Valencian Community. For this new
study, the traffic of goods in the three ports will be considered, and the movement of passengers in regular line and cruise passengers for the Port of València. For this, the operations of the port community for the 2018, 2019 and 2020 years will be taken as a basis to know the current impact of the ports managed by the PAV. The last report of these characteristics was made with data from 2016, when Valenciaport managed 4.72 million TEUs (standard 20-foot container) and 71.2 million tons of goods moved, while in 2020, this figure was 5.42 million containers and 81 million tons of goods that were operated in the docks of the port areas, in a year that was marked by the crisis due to COVID-19. Valenciaport is acting as a driving force behind the economic activity of its hinterland, which represents 55% of Spain’s GDP, and is acting as a platform for the export / import of 40% of the productive fabric, a key element to recover the dynamism of the economy Spanish that is reflected in the sustained growth of Valenciaport in recent years. Driving company and engine of the economy According to data from the latest Valenciaport Economic Impact Study presented in 2018 and prepared by the Department of Economics and Social Sciences of the Polytechnic University of Valencia with data from 2016, Valenciaport contributed gross added value to the Valencian economy and its area of ​​influence of 2,500 million euros, 2.39% of the total GDP of the Valencian Community. Regarding employment, the report presented in 2018 indicates that companies related to Valenciaport generated 38,866 jobs, a figure that represented 2.09% of the total jobs in the Valencian Community. Some data that show the importance of Valenciaport as a generator of employment and wealth in its environment. In this sense, the activity of the port facilities made it possible to distribute 1,243 million euros a year in salaries. More than 400 million of these rents were generated by the initial effect of the Port, but more than double this amount (two out of every three salaries) originated from the direct, indirect and induced effects of Valenciaport. Altogether, Valenciaport was the source of 2.62% of the total wage bill of the Valencian Community. However, he created the 2, 09% of Valencian employment; which indicates that the salaries that are paid from the activity of Valenciaport are above the average of the Region. Regarding tax revenues, the study indicates that the public coffers entered 181 million euros in 2016 for activities related to Valenciaport. Source: Autoridad Portuaria de València (APV – Valenciaport, Port Authority of Valencia)

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